EU Budget Lost Nearly Billion Dollars to Fraud Last Year

From Reuters

Nearly $1 billion of European Union funds were given out to fraudulent claimants last year, with the biggest concentrations of suspected false claims in Romania, Bulgaria and Hungary, data from EU investigators shows.

In an annual report published on Tuesday, the European Anti-Fraud Office (OLAF) concluded that 888 million euros ($989 million) were probably disbursed to dishonest claimants in 2015, a slight decline from 901 million the previous year.

Read the full article.